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GRINDROD LIMITED - Change in Directorate

Release Date: 01/06/2017 11:05
Code(s): GNDP GND     PDF:  
Wrap Text
Change in Directorate

GRINDROD LIMITED
(Incorporated in the Republic of South Africa)
(Registration Number: 1966/009846/06)
JSE Code: GND & GNDP
ISIN: ZAE000072328 & ZAE000071106
(“Grindrod” or "the Company")


 CHANGE IN DIRECTORATE


 In compliance with paragraph 3.59(a) of the Listings Requirements of the JSE Limited, shareholders are
 hereby advised that Alan Olivier, the Group’s Chief Executive Officer (CEO), will with effect from 31 July
 2017 take early retirement to pursue personal interests. Alan will remain available to the Shipping
 Division in a consulting capacity.

 On behalf of the Board, we would like to thank Alan for his contribution to the Group over the past 31
 years, the last 10 years as CEO. We wish him well in his future endeavours.

 The three Grindrod divisions will continue to be managed by the skilled management team, Bongiwe
 Ntuli (Freight Services), Martyn Wade (Shipping) and David Polkinghorne (Financial Services).

 Michael Hankinson has agreed to act as Executive Chairman in the transitional phase, with Andrew
 Waller, Group Financial Director, supporting him. The Board will begin the process of appointing a Group
 CEO and notify the market accordingly. Nkululeko Sowazi will be the Lead Independent Non-Executive
 Director of the Board.


Durban

1 June 2017

Sponsor: Grindrod Bank Limited

Date: 01/06/2017 11:05:00 Produced by the JSE SENS Department. The SENS service is an information dissemination service administered by the JSE Limited ('JSE'). 
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